Press Digest: New York Times business news - October 16

Oersted A/S

16/10/2025 06:13

Oct 16 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- NBC News CCZ.N has begun laying off about 150 people, or roughly 7% of its staff.

- Danish wind farm developer Orsted ORSTED.CO is narrowing its focus and dialing back its aspirations, according to the company's president and chief executive.

- The U.S. is seeking to counter new economic measures from China by exerting more control over American companies in key strategic sectors, Treasury Secretary Bessent said.

- Stellantis STLAM.MI, the giant automaker, is abandoning plans to reopen a factory in Canada and is shifting production to the United States.

 (Compiled by Bengaluru newsroom)

 ((globalnewsmonitoring@thomsonreuters.com))